EUR 120.00 For Business Accounts Only

MOSL: Morning India (8/October/21): 1. India Strategy - 2QFY22 Preview (Gaining strength); 2. Piramal Healthcare; 3. Insurance Monthly; 4. Logistic Monthly

Morning India (8/October/21): Morning India (8/October/21): 
Today’s top research themeIndia Strategy | 2QFY22 Preview: Gaining strength- Markets continued their upward momentum in 2QFY22 - the Nifty crossed the 17k mark and the Sensex touched the 60k milestone - buoyed by the decline in COVID cases, a significant pickup in the pace of vaccination, and the consequent sharp recovery in economic activity. India ramped up its vaccine distribution, administering more than 920m vaccine doses cumulatively. TThe country witnessed the third consecutive year of normal monsoon, with the southwest monsoon season ending 0.7% short of the long-period average. - We expect PBT/PAT to grow 32%/27% for the MOFSL Universe in 2QFY22. Even on a two-year basis, MOFSL PBT/PAT is likely to see a CAGR of 26%/23%.Metals, Technology, and Private Banks would contribute 86% to incremental PAT growth YoY. Ex-Metals, 2QFY22 MOFSL Universe earnings are expected to post modest 9% YoY growth and 11% CAGR over 2QFY20-2QFY22E.- Nifty sales/EBITDA/PBT/PAT should grow 25%/20%/31%/25% YoY in 2QFY22E. Over 2QFY20-2QFY22E, the Nifty should post a sales/EBITDA/PBT/PAT CAGR of 8%/14%/22%/21%.- Nifty FY22E EPS estimates have seen minor tweaking to INR730 (prior: INR732) and INR874 (prior: INR865) for FY22 and FY23, respectively. FY22 earnings for Oil & Gas have seen upgrades on the back of higher crude and gas prices, offset by downgrades in Autos. Metals, BFSI, and Oil & Gas are likely to account for 34%, 25%, and 13% of the total incremental earnings, respectively, in FY22E.
Piping hot newsFresh visas for chartered flight tourists from Oct 15, for others from Nov 15India will issue fresh tourist visas to foreign nationals coming to the country in chartered flights from October 15, the union home ministry said on Thursday. Foreign tourists travelling to India by flights other than chartered aircraft will be able to do so from November 15, the ministry said in a release.